Insurance Federation of Egypt Contributes EGP1mn to ‘Long Live Egypt’ Fund

The Insurance Federation of Egypt (IFE) announced Monday a contribution of one million Egyptian pounds (around US$140.000) to ‘Long Live Egypt’ Fund, to support national economy.

The contribution comes on the behalf of the firms working in the Egyptian insurance sector.

It is the second contribution for the Federation, since it had previously donated one million pound for the fund.

The Fund was originally initiated by Egypt’s President Abdel Fattah al-Sisi to support and revive the cash-strapped national economy.